Human rights, fair working conditions, environmental protection and the fight against corruption – these values are not only important within our Group. They also apply to our supply chain. At thyssenkrupp rothe erde, we are committed to the United Nations Global Compact. We have firmly integrated responsible action into our procurement processes and make our contract award decisions not only according to economic, technical and procedural criteria. Sustainability also plays an equally important role in the supplier management of thyssenkrupp rothe erde. We are continuously developing our processes further. In this way, we aim to increase transparency about the origin of raw materials and conflict minerals in order to identify risks at an early stage.
Just as we are committed to responsible and fair conduct towards our employees, customers, suppliers and local residents, we expect our suppliers to share these principles. This is why we at thyssenkrupp have developed our own supplier code of conduct, which clearly formulates our expectations on suppliers. The Supplier code of conduct based on the principles of the United Nations Global Compact and the United Nations Universal Declaration of Human Rights.
In the next few years, our aim is to work only with suppliers who have signed the thyssenkrupp supplier code of conduct and adhere to the principles laid down therein. Compliance is checked in the context of sustainability audits.
Slavery and human trafficking statement
thyssenkrupp AG is a signatory of the Global Compact and supports the United Nations Universal Declaration of Human Rights and the core labor standards of the International Labor Organization (ILO). thyssenkrupp aims to exclude slavery and human trafficking both in the supply chain and in its own activities. Our efforts in this area are described in "Slavery and human trafficking statement for thyssenkrupp AG and its subsidiaries" which was drafted in accordance with Section 54 of the United Kingdom Modern Slavery Act 2015.
The extraction of certain raw materials in the Democratic Republic of Congo (DRC) and the neighboring states contributes in part to significant human rights violations and to the financing of violent conflicts in this region. The Congress of the United States of America passed legislation in 2010 which is usually abbreviated to the Dodd-Frank Act (full name: "Dodd-Frank Wall Street Reform and Consumer Protection Act"). Section 1502 of the Dodd-Frank Act requires companies subject to the supervision of the SEC (U.S. Securities and Exchange Commission) to report on the extent to which the products they produce or order contain so-called "conflict minerals" that are "necessary for the functionality or production" of these products. These include tantalum, tin, tungsten (and the ores from which they are extracted) and gold – irrespective of where they are procured, processed or sold.
thyssenkrupp AG is not subject to SEC supervision and therefore has no legal obligation to comply with the conflict minerals requirements of Section 1502 of the Dodd-Frank Act. At the same time, we recognize that the provisions require our direct and indirect customers to conduct due diligence audits within their global supply chains.